ITC shares plummeted 3.5% after British American Tobacco announced a $1.4 billion stake sale (2.3%). Despite the sale, BAT remains ITC's largest shareholder. This adds to recent major block trades in Indian markets and extends ITC's year, to, date losses.

• BAT selling 2.3% stake for $ 1.4 B.
• ITC shares down 3.5% to 418.90 rupees.
• BAT remains ITC’s largest investor.